Tag Archives: Industry

Faraday Future's vision hasn't exactly panned out as once imagined, and serious financial problems have ensued. However, a Hong Kong-based entity has thrown the struggling electric-car maker a $1.5 billion lifeline to keep the lights on. Business Insider reported on Tuesday that the unnamed entity has already deposited $550 million of the investment to keep...

Aston Martin's main plant is located in Gaydon, England, but in late 2016 the automaker started construction of a second plant in St Athan, Wales in anticipation of new, higher volume models. Located on the site of a former military air base, the plant is scheduled to start production of Aston Martin's DBX SUV in 2019. It will also be the production...

Three-dimensional printing is poised to revolutionize manufacturing and production processes. It's also excellent news for owners of vintage cars in need of pretty obscure parts. Porsche Classic announced on Monday that it now has the ability to 3D print parts that may no longer be available. Tests began with a release lever for the clutch of the Porsche...

It's nothing but good news for Ford and Lincoln's full-size SUVs. Ford Motor Company (automaker announced on Monday it will increase production of the 2018 Expedition and 2018 Navigator to meet customer demand. Ford is making an additional $25 million in the Kentucky truck plant to boost output of the two SUVs. Line speed will increase with the help of 400...

Investors have rallied around Tesla, riding high on a wave of future promises from the electric car company. Tesla's 2017 financial results released on Wednesday still show the company has a long way to go, however. Tesla lost a total of $1.96 billion in 2017 and posted its worst financial quarter ever in Q4. The company ended up losing a record $675.4...

Having built the world's biggest battery in the Australian state of South Australia a year ago to provide energy to the grid in the event of a supply shortage, Tesla is now involved in the state's next energy security plan by helping to create what's known as a “virtual power plant.” And it's all emissions free. Working with its partners, the...

Following Polestar's split from Volvo to become a standalone brand, the division showed its first production model: the Polestar 1. At its debut, the brand said it planned for just 500 units a year over a three-year period. But with mounting demand, Polestar is reportedly looking into increasing the production numbers. Automotive News Europe (subscription...

McLaren will set foot in a brave new world after announcing that all of the brand's future care models from 2019 onward will boast electrified powertrains and some form of self-driving technology. An Autocar report published on Tuesday detailed the sports car and supercar maker's grand plans, which will begin with the 570S replacement. The "entry level"...

Porsche will aid VW Group's electrification charge with an even larger investment than it had originally planned. Through 2022, Porsche has $7.5 billion earmarked for electrification, up from $3.7 billion. The investment will focus on plug-in hybrids, pure electric cars, the brand's Turbocharger fast-charging stations, and various other "smart mobility"...

Chinese companies have a track record for copying other automakers. Porsches, Hondas, and even tires often have knockoff alter egos in the country. The latest digs deeper into the past, however. Eagle, a Chinese carmaker, has blatantly copied the iconic BMW Isetta, Cars News China reported Tuesday. The Isetta was built between 1956 and 1962, and its design...